On Saturday, gold prices in the local market surged by Rs2,700/tola due to the depreciation of the rupee. According to the All Sindh Saraf Jewelers Association, gold values reached Rs235,300/tola during trading hours.
The price of 10 grams of gold also increased by Rs2,315 to close at Rs201,732. In the international market, gold rates rose by $13 to reach $1,977/ounce.
Silver prices, on the other hand, remained unchanged at Rs2,850/tola, and 10 gram silver prices stood at Rs2,443.41. Local jewelers noted that gold prices in the domestic market were Rs6,000/tola higher than those in the Dubai gold market.
